Formal permits have been filed for the Seawall Lot 330 redevelopment along San Francisco’s Embarcadero. The proposal now seeks to construct a single full-block structure at 555 Beale Street. with reduced residential capacity, ground-floor retail, and parking. Strada Investment Group is responsible for the application.
555 Beale Street establishing view from across Bryant Street, rendering by Grimshaw & Perry Architects
The 263-foot-tall structure is expected to yield over 700,000 square feet, including 592,880 square feet of housing, 4,700 square feet of retail, and 108,600 square feet for the podium garage. Unit sizes will vary with 160 studios, 324 one-bedrooms, and 84 two-bedrooms. Parking will be included for 236 cars and 249 bicycles. The application is streamlined by Senate Bills 330 and 423. Of the 568 units, 86 will be deed-restricted as affordable.
Grimshaw Architects will oversee design, with Perry Architects serving as the executive architect. Illustrations show the design scheme has not significantly changed, even with the merger of the 23-story tower and ten-story mid-rise podium. The application still states that an additional parcel is being set aside for an affordable housing complex, to be filed in a separate application.
555 Beale Street, illustration by Grimshaw & Perry Architects
Previously, Strada Investment Group was pursuing a mixed-use master plan that included housing at Seawall Lot 330 and offices at Piers 30-32. The city currently owns both properties, and the development agreement between the two parties required that Strada commit to building both components for approval.
The Executive Director of the Port of San Francisco, Elaine Forbes, said that the developer has determined that, based on, “based on a $125 million infrastructure funding gap, the complex timing of the U.S. Army Corps-led seawall project, prolonged weakness in the office market, and uncertainty in federal infrastructure funding,” the office component for Piers 30 and 32 is too speculative to proceed.
555 Beale Street site plan, illustration by Grimshaw & Perry Architects
Seawall Lot 330, image via Google Satellite outlined approximately by YIMBY
The roughly two-acre property is located along the Embarcadero, bound by Beale Street and Bryant Street. According to the application, construction is estimated to cost around $200 million, a figure that does not include all development costs. According to the application, work could start as early as January 2028.
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The folks who put up a big fight about the homeless navigation center coming next door are going to wish it stayed, once this project gets underway and their views disappear.
570 units and none of them are a three bedroom or larger. Sad!
When it comes to these vast piers like 30/32, can we find a way to turn them into recreation? NYC nailed the conversion of many of them into youth sports, basketball, etc. SF needs that recreation space less than NYC does, but still, we’d take it. Anything but a giant unused parking lot…